Campbell Soup - All posts tagged Campbell Soup

Remedy for a cold, dark, dreary winter? A steaming bowl of soup – and a fistful of Goldfish.

While this latest earnings season has been littered with companies citing foul winter weather for weak sales, the quarterly report Campbell Soup Co.
/quotes/zigman/221274/delayed/quotes/nls/cpbCPB issued Friday showed its sales jumped 5.5% to $2.28 billion. That helped boost its bottom line by 71% and gave management the confidence to stick by its earlier earnings outlook for the rest of the year.

The report certainly comforted investors. Campbell’s shares rose 4% at the open, enough to make it the No. 2 gainer Friday on the S&P 500.

1) A little perspective: Syria will remain in focus in the next 24 hours, so investors should know that U.S. stocks historically have fallen 1% in the two weeks before limited U.S. military interventions, then rallied 2.8% in the month after.

In a report Monday, Jonathan Krinksy noted that the Consumer Staples Select SPDR ETF
/quotes/zigman/246134/quotes/nls/xlpXLP has shown relative strength on increasing momentum of late. Back in October, the ETF sold off after hitting a 52-week high.

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